Tax Increment Financing

Phila. City Council Finalizes Legislation To Allow Gallery MakeoverCouncilman Mark Squilla, whose district includes the Gallery shopping mall, says final passage of the Gallery renovation measures was a long time coming.
Council Approves $33-Million Tax Break For Center City Hotel ProjectDeveloper Brooke Lenfest (center of photo) wants to build two hotels -- a "W" and an "Element" -- on what is now a parking lot at 15th and Chestnut Streets.
Controversial Tax Break OK'd Despite Opposition From HotelsIt was hotel versus hotel as City Council members today gave initial approval to a tax break for a developer who wants to build two new hotels in Center City. Existing hoteliers cried foul.
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